IndustrialBUSINESS 2LeaseholdDistrict 22 · Pioneer

24 Gul Drive

Reviewed by Nathan TangUpdated 8 November 2026Data through Sept 2002
Quick Summary

24 Gul Drive is a industrial building in District 22 · Pioneer, on land zoned BUSINESS 2 under the URA Master Plan with a gross plot ratio of 1.4. It is leasehold. 1 transaction is on record since 1995, most recently in Sept 2002. ACRA records 4 live company registrations at this address.

1

What are the key facts about 24 Gul Drive?

Key takeaway24 Gul Drive is a industrial building in District 22 · Pioneer, zoned BUSINESS 2, held leasehold.
Asset class
Industrial
Land-use zone
BUSINESS 2
Gross plot ratio
1.4
Tenure
Leasehold
District / Area
District 22 · Pioneer
Address
24 Gul Drive
Land area
—
Completed
Not on record
Storeys
Not on record
Estate (JTC)
Jurong Industrial Estate
Transactions on record
1 (records start 1995)
Live listings
None
ACRA registrations
4
2

About 24 Gul Drive

24 Gul Drive is an industrial property in Pioneer (District 22). It is located along Gul Drive, Singapore 629472.

Under the URA Master Plan the site is zoned Business 2 with a gross plot ratio of 1.4. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.

The site is leasehold, with about 0 years left to run. A tail that short materially narrows the pool of banks willing to finance a purchase.

1 transaction has been recorded here, at a median of S$25 psf. The most recent was in September 2002.

Across JTC's rental returns for Gul Drive, the median rent for industrial space on this street works out to about S$0.34 psf per month over 7 observations. Observed medians on the street span S$0.17 to S$1.46 psf per month. These are street-level figures from undated JTC snapshots, not a rent quoted for this property.

2 industrial projects are still uncompleted on this street, adding about 13,040 sqm of gross floor area, the earliest due around 2027.

The nearest port or airport land is about 4.7 km away. The closest business-park zone is about 4.0 km away. The closest bus stop (Bef Gul St 1) is 262 m away (about a 4-minute walk).

4 businesses are currently registered at this address with ACRA.

3

What is 24 Gul Drive zoned as?

Key takeaway24 Gul Drive sits on land zoned BUSINESS 2 with a gross plot ratio of 1.4.
Land-use zone
BUSINESS 2
Gross plot ratio
1.4

Run the full zoning report for this building →

4

What has 24 Gul Drive sold for?

Key takeaway1 transaction is on record since 1995, most recently in Sept 2002 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Sept 2002Single-user FactoryS$2.65M106,057 sqft$25

URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter

5

Market context around 24 Gul Drive

Key takeawayBrokers' industrial figures for Singapore as a whole — a broker's market figure, not this building's rent.
CBRE, 2Q 2026 (island-wide)
  • Factory (ground floor): Rent S$1.81 psf/mth
  • Factory (upper floor): Rent S$1.41 psf/mth
  • Prime logistics: Rent S$1.87 psf/mth · Capital value S$245 psf · Net yield 6.5%
  • Warehouse (ground floor): Rent S$1.91 psf/mth
  • Warehouse (upper floor): Rent S$1.39 psf/mth
Singapore Figures Q2 2026
Cushman & Wakefield, 2Q 2026 (island-wide)
  • Factory - Ground Floor: Rent S$1.79 psf/mth
  • Factory - Upper Floor: Rent S$1.57 psf/mth
  • High-Tech: Rent S$3.56 psf/mth
  • Prime Logistics - Ground Floor: Rent S$1.92 psf/mth
  • Prime Logistics - Upper Floor: Rent S$1.74 psf/mth
  • Warehouse - Ground Floor: Rent S$1.81 psf/mth
  • Warehouse - Upper Floor: Rent S$1.49 psf/mth
Singapore Industrial MarketBeat Q2 2026

Official series (JTC, 2026Q3): Multiple-User Factory occupancy (island-wide) 90.3% (-0.7 pp on the year) · Single-User Factory occupancy (island-wide) 89.1% (0 pp on the year) · Warehouse occupancy (island-wide) 89.7% (+0.1 pp on the year).

Brokers draw submarkets and grades differently; each figure is the broker's own, for its own area, cited to its report. Rents are per square foot per month.

6

What's been approved at 24 Gul Drive?

Key takeawayURA's planning decisions at 24 Gul Drive since 2000 are below. This is the building's planning history, not today's approved use of any unit: confirm a unit's approved use with URA before signing.
  1. 16 Jun 2004Approved
    Additions & alterations

    Proposed shelter to existing car park lots to the existing factory

Source: URA planning decisions (URA Data Service), matched to this building by address or land lot. A past approval can lapse (a temporary permission) and belongs to the unit it names. The authoritative approved use of a unit comes from URA's Enquiry on Approved Use of Premises (S$54.50 per unit).

7

What is near 24 Gul Drive?

Amenities nearby

Bef Gul St 1 · 262 mDrs Koo, Fok & Associates Pte Ltd · 1.3 km

Straight-line distances. Source: PropKaki amenities data.

8

Getting there and parking at 24 Gul Drive

Key takeawayThere is no MRT or LRT station within 1 km; the nearest is Gul Circle, 1.1 km away. 5 public car parks are within 500 m.
Foot traffic: busier than 29% of industrial buildings

no MRT/LRT within 1 km (nearest Gul Circle, 1.1 km); bus stops within 400 m: 4, about 1,120 taps a weekday; Pioneer: 36,801 resident workers (Census 2020, by workplace); about 0 residents within 1 km (June 2026). Ranked against 8,225 industrial buildings by PropKaki's model: a relative score, not a footfall count.

A relative score from PropKaki's model (station and bus taps nearby, workers and residents around), not a count of people.

Bus

4 bus stops within 400 m, with 1,120 boardings and alightings on an average weekday.

Public car parks within 500 m

  • Gul Drive (URA)88 m
    S$0.60 per half-hour at midday on a weekday · 39 car lots
  • Gul St 1 (URA)130 m
    S$0.60 per half-hour at midday on a weekday · 4 car lots
  • Gul St 2 (URA)207 m
    S$0.60 per half-hour at midday on a weekday · 4 car lots
  • Gul Ave (URA)300 m
    S$0.60 per half-hour at midday on a weekday · 45 car lots
  • Gul St 3 (URA)350 m
    S$0.60 per half-hour at midday on a weekday · 14 car lots

Nearest URA season parking: Joo Koon Area, 759 m away, S$90/month.

Public car parks only, by straight-line distance, with the operator's published rates. 24 Gul Drive's own car park, if it has one, and its charges are not in the open data.

9

Who's registered at 24 Gul Drive?

Key takeaway4 live companies (and LLPs and branches; sole proprietors are not counted) list 24 Gul Drive as their registered address. These are registered businesses, not who occupies the space.
  • Manufacturing
    3
  • Administrative and support services
    1
  • Wholesale and retail trade
    0
  • Professional, scientific and technical services
    0

Registered businesses, not who occupies the space: companies, LLPs and branches whose REGISTERED address is this building (ACRA), by industry. Sole proprietors are not counted; no business is named. ACRA, as of 2026-09-16.

10

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$3.71 psm/month — an all-time median from 2000 onwards, not a current rent.
Street rent, median
S$3.71 psm/mo
Observed range
S$1.82 – S$15.71
Pipeline on this street
2 projects · earliest TOP 2027

JTC street medians span 2000 to today and are an all-time level, not today's asking rent; the forward pipeline is a forecast, not committed completions.

11

Frequently asked questions about 24 Gul Drive

Where is 24 Gul Drive?⌄

24 Gul Drive is at 24 Gul Drive, Singapore 629472, in the Pioneer planning area.

What is 24 Gul Drive zoned as?⌄

24 Gul Drive is zoned Business 2 under the URA Master Plan, with a gross plot ratio of 1.4. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.

What kind of business can operate at 24 Gul Drive?⌄

Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades. The specific trade still has to be approved, so check the permissible-use list for your activity.

What is the tenure of 24 Gul Drive?⌄

24 Gul Drive is leasehold. About 0 years remain on the lease. Financing gets harder below roughly 30 years, so factor that into any purchase.

What have units at 24 Gul Drive sold for?⌄

Across 1 recorded transaction, the median is S$25 psf. The latest was in September 2002.

What does industrial space near 24 Gul Drive rent for?⌄

JTC's rental returns for Gul Drive put the median at about S$0.34 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Gul Drive, not a rent quoted for 24 Gul Drive itself.

How many businesses are registered at 24 Gul Drive?⌄

4 businesses are currently registered at this address with ACRA. That counts registered addresses, not physical occupiers.

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